RE: Ujo8 Jan 2020 18:45
Fill that glass up a bit people, how about W.N. is sold after being proved up, maybe
vertical flows a lowly 50-150bopd, that puts the horizontal on track for 150-750bopd
standard 2-5 times vert, however some sweet spots around the world, have been
in excess of 10 times horizontal flow compared to co-located vertical well.
(500-1500)
(mostly USA 4000+ laterals )
Many have talked of W.N. being sold on for 100 million once proved up, again that
could possibly end up a conservative estimate.
Now imagine we have 100-150M cash on the books from the sale, production at
Wressle being ramped up (it can be) and Biscathorpe drilled, tested big flow.
Where could the SP sit then ?
All possible, from the information already available, but until inquiry, ewt, more
drills and testing boxes ticked. Just Shareholder Dreams
Lets keep everything crossed, we are all in dreamland later this year.
GLA.